Advisors Asset Management Inc. decreased its position in shares of Buckle Inc (NYSE:BKE) by 13.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 395,231 shares of the company’s stock after selling 62,501 shares during the period. Advisors Asset Management Inc.’s holdings in Buckle were worth $10,632,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in BKE. BlackRock Inc. raised its stake in Buckle by 1.0% during the first quarter. BlackRock Inc. now owns 3,640,037 shares of the company’s stock worth $80,628,000 after purchasing an additional 36,599 shares during the period. New York State Common Retirement Fund raised its stake in Buckle by 74.0% during the first quarter. New York State Common Retirement Fund now owns 57,597 shares of the company’s stock worth $1,276,000 after purchasing an additional 24,497 shares during the period. Great West Life Assurance Co. Can raised its stake in Buckle by 6.3% during the first quarter. Great West Life Assurance Co. Can now owns 37,867 shares of the company’s stock worth $839,000 after purchasing an additional 2,237 shares during the period. Russell Investments Group Ltd. raised its stake in Buckle by 159.1% during the first quarter. Russell Investments Group Ltd. now owns 65,821 shares of the company’s stock worth $1,458,000 after purchasing an additional 40,422 shares during the period. Finally, Principal Financial Group Inc. raised its stake in Buckle by 3.0% during the first quarter. Principal Financial Group Inc. now owns 218,338 shares of the company’s stock worth $4,836,000 after purchasing an additional 6,324 shares during the period. 69.96% of the stock is currently owned by institutional investors and hedge funds.
In other news, VP Diane L. Applegate sold 4,000 shares of the firm’s stock in a transaction on Thursday, September 13th. The shares were sold at an average price of $22.50, for a total value of $90,000.00. Following the transaction, the vice president now owns 27,500 shares of the company’s stock, valued at approximately $618,750. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael E. Huss sold 1,688 shares of the firm’s stock in a transaction on Friday, September 7th. The shares were sold at an average price of $22.63, for a total transaction of $38,199.44. Following the completion of the transaction, the director now directly owns 17,062 shares in the company, valued at approximately $386,113.06. The disclosure for this sale can be found here. Company insiders own 41.80% of the company’s stock.
Buckle (NYSE:BKE) last issued its earnings results on Friday, August 24th. The company reported $0.32 EPS for the quarter, beating the Zacks’ consensus estimate of $0.31 by $0.01. Buckle had a net margin of 10.53% and a return on equity of 23.39%. The business had revenue of $201.10 million for the quarter, compared to the consensus estimate of $201.82 million. During the same quarter last year, the firm posted $0.24 EPS. The business’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, sell-side analysts forecast that Buckle Inc will post 1.89 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 26th. Stockholders of record on Friday, October 12th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.24%. The ex-dividend date is Thursday, October 11th. Buckle’s dividend payout ratio is presently 54.05%.
A number of research firms have weighed in on BKE. Zacks Investment Research raised shares of Buckle from a “hold” rating to a “strong-buy” rating and set a $30.00 price target on the stock in a research note on Monday, August 13th. ValuEngine downgraded shares of Buckle from a “buy” rating to a “hold” rating in a research note on Tuesday, October 2nd.
Buckle Company Profile
The Buckle, Inc operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece.
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